Board Of Education 2009-2010 Budget Review – Audio

Audio

Here’s a summary of what was presented (the  details are on the audio). I might be able to eventually scan the handout and post, but the anyone can get a copy of the handout from Board of Education.

1. 2009/2010 tax $ decrease on average assessed home value ($265,663): -$286.60

(I think the following was what  was spent in ‘08)

2. Total Revenue: $57.6M

Coming from:

a. State and Federal $27.2M

b. Local Tax $27.2M

c. Prior year savings $3.1M (usually around $1M, but larger given more state aid received than expected and more carried over into ‘09/10 budget)

d. Other (Debt Service, Medicaid Reimb, Misc. Income) $0.2M

 Note: Second year that State/Fed aid matched Local tax levy; Local Tax has exceeded St/Fed aid from 2003 – 2006

Expenditure:

a. Classroom Instruction $20.1M

b. Special Education $10.1M

c. Classroom Support $3.9M

d. Op&Maintenance $5.5M

e. Administration $3.2M

f. Debt Service $1.4M

g. Employee Benefits $8.3M

h. Capex $3.4M

i. Other Programs $1.8M

3. 08/09 and 09/10 Budget Comparisons

a. Fiscal Year Taxable Budget (08/09 09/10): $54.2M            $55.3M (1.93%)

b. Tax Rate at $100 per assessed value:  $3,269             $1,512   (-53.75%)

c. School Tax on averaged assessed home ($265,663) : $4,304           $4,016 (-6.7%)

4. Cost Per Pupil (08/09  09/10)

a. Classroom $8,003                $8,146 (2%)

b. Administration $1,213        $1,213 (0%)

c. Total $13,904             $14,099 (1.4%)

Other notes:

a. $1M grant for Krausche Field Improvements (no local tax dollars used); Completion Aug ‘09

b. Facility Improvements

c. Grants and Cost Containment Measures

d. New Jersey State Department of Education (NJQSAC) verified North Plainfield as a ‘High Performing School District’ based on a) Instruction and Program, b) Personnel, c) Fiscal Management, d) Operations, e) Governance